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Searched Archives for April 3, 2014 | SFJ - Sqfeed Journal

Daily Archives: April 3, 2014 (20 Articles Found)

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Over 40 per cent of retail mall at Capitol Singapore has been committed

Over 40 per cent of the retail mall at the Capitol Singapore integrated development has been committed so far, ahead of its opening at the end of the year. At its topping out ceremony on Thurs, developer Capitol…

Trendy start-ups and businesses are now venturing into HDB heartlands

The retail culture in Singapore’s HDB heartlands is slowly changing. Many trendy start-ups and businesses are now venturing into the suburban spaces, giving residents more options. Bukit Merah, one of Singapore’s oldest neighbourhoods, is home to more than…

A respite from the large Singapore office supply in 2016

JLL estimates that close to 4 million sqft of new office space is expected to complete in Singapore in 2016, a historical high since 1997, and exceeding the 10-year average annual island-wide demand of 1.5 million sqft. The…

Property investors turn to medical suites as alternative investment

Singapore’s reputation as a safe medical hub bodes well for the local property market which has been badly hit by a slew of cooling measures. But the demand is not just from medical professionals but also from staunch…

DTZ: Industrial capital values remain flat

As transaction activity fell further in Q1 2014, the capital values of first- and upper-storey industrial spaces stagnated for the third straight quarter at S$627 and S$470 psf respectively, revealed a DTZ report. Based on caveats from URA…

3 reasons why analysts are predicting a 10-15% drop in property prices

CIMB analysts continue to expect a 10-15% drop in property prices in 2014-15. This is fueled by 1) the decline in investment and foreign demand; 2) higher price sensitivity within the upgraders segment and 3) significant supply in…

Frank Ng Tze Wei quits as Viva Industrial Trust Management head of corporate finance

Viva Industrial Trust Management announced the resignation of Frank Ng Tze Wei as head of corporate finance and investor relations of the managers. Mr Ng, 35, was responsible for facilitating communications and liaison with Stapled Securityholders. He also…

Actavis opens regional headquarters in Singapore

Actavis, a global pharmaceutical company, launched its new Asian-Pacific and Africa headquarters in Singapore on Thurs. The company, which has been present in the Singapore healthcare market through subsidiary, Drug Houses of Australia (DHA), produces tablets, capsules, oral…

Traffic congestion affects commuting costs which impact on housing prices

Does traffic congestion affect the price of housing? Yes, traffic congestion can impact a flat’s price but whether the impact is positive or negative depends on how far the flat is from the CBD. It is well known,…

MCL to price Jurong condo at $1,250-1,350 psf

MCL Land’s upcoming condominium project, Lakeville, located in the Jurong Lake District, will be launched with an average price of $1,250 to $1,350 psf. The group’s CEO, Koh Teck Chuan, told BT yesterday that this average pricing is…

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Spring Grove gets owners’ OK to go en bloc

Spring Grove in the prime Grange Road area has arrived at the requisite 80 per cent consensus from owners to put the condominium up for en bloc sale. According to a notice emailed to residents obtained by BT,…

Fancy a sports car with that luxury condo?

New owners of a three-bedroom or penthouse unit at V on Shenton will have the chance to purchase selected models of Aston Martin automobiles at a special price till 30 Apr 2014, as part of Aston Martin Singapore’s…

Adjoining strata shops along East Coast Road up for sale

Five adjoining strata shops on the ground floor of Springvale along East Coast Road are up for sale by EOI, Knight Frank announced on Thurs. Occupying the entire ground floor of the four-storey mixed development, the properties offer…

Shed light on valuation guidelines

SISV said valuers follow strict professional guidelines during the valuation process (“Property valuers follow guidelines, not prices”; Mar 14). My parents have been looking to buy an HDB resale flat for the past two months, and are considering…

Incorrect statement on transacted prices

The report (“$48m price tag for Sim Lim Square atrium”; Dec 13, 2013) stated that the asking price for a 2,756 sqft space on the ground floor atrium of Sim Lim Square was $48 million, which works out…

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Review bank valuation process for new launches

Property prices have risen rapidly since 2009, and it has very much to do with banks matching their valuations for new launches with the developers’ asking prices. MAS should look into this industry practice. It serves vested interests…

2,800 HDB shops to gain from $1.9m funding in latest round of help to revitalise shops

About 2,800 HDB shops will benefit from the sixth round of a scheme to make heartland shopping areas more vibrant. The HDB has set aside $1.9 million for this round of the Revitalisation of Shops (ROS) scheme, which…

Capitol Theatre will reopen in Apr 2015

The historic Capitol Theatre will reopen in Apr 2015 with the staging of a musical that depicts the lives and struggles of Singaporeans, including former Prime Minister Lee Kuan Yew, as they built a new nation. Following the…

Developers hiring multiple realty firms to sell homes

The tough property market is forcing developers to turn to multiple marketing agencies to help move units, property analysts said. The developers’ aim is simple: More agencies fighting over commissions increases the competition to move these homes. And…

Silchester Intl Investors: UIC’s offer for SingLand ‘too low’

The second-largest investor in mainboard-listed Singapore Land has thrown a spanner into United Industrial Corporation’s (UIC) takeover bid for the firm. Investment fund Silchester Intl Investors, which holds 8.16 per cent of SingLand shares, said in a statement…

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